Ben Bernake did NOT cause this mess

Discussion in 'Economics' started by NY_HOOD, Oct 29, 2008.


  1. I agree. Take a look at this: http://www.americanthinker.com/2008/10/hedge_funds_politics_and_the_m.html
     
    #11     Oct 30, 2008
  2. As this article states (http://www.businessweek.com/bwdaily/dnflash/oct2005/nf20051025_9869_db016.htm), Bernanke was "In short, his views on these various topics, at least as expressed publicly, have not deviated significantly from those publicly held by Chairman Greenspan".
    As a member of the FOMC from 2002 to his current chairman position, I would say his amount of responsibility is equal to Greenspan's. Greenspan was the face of the committee, not the only decision maker.
     
    #12     Oct 30, 2008
  3. funny... and i thought Greenspan was responsible for not letting the US go into severe recession on the back of the internet bubble bust... well lets just make it responsible for that bubble as well then, for good measure... what a mischievous little banker... shame innit?
    :eek:
     
    #13     Oct 30, 2008
  4. sprstpd

    sprstpd

    The problem is Bernanke is doing the exact same thing Greenspan did, keeping rates artificially low.
     
    #14     Oct 30, 2008
  5. artificially... thats right... instead of letting the Al-market sort it all out as it does so well
     
    #15     Oct 30, 2008
  6. Who do you think was primarily responsible for the internet bubble? Wasn't he the genius who said there was no bubble when stocks were skyrocketing when companies announced stock splits? Wasn't he the proponent of market efficiency, yet whenever there was the slightest bit of trouble he would feel the need to intervene. Well we are finding out now that sometimes the markets need to go down to adjust to market conditions. Otherwise the consequences later will be worse.

    He is being seen now as the most irresponsible chairman ever for good reason (by rational people anyway).
     
    #16     Oct 30, 2008
  7. Bob111

    Bob111

    +1
     
    #17     Oct 30, 2008
  8. (cause rational people anyway know that the Fed is the authority that regulates the stock markets)

    i'll use my chuck norris joker on that one...
     
    #18     Oct 30, 2008
  9. Who said anything about regulation? Weren't you the one that mentioned that he was responsible for not letting the US go into recession? Can't have it both ways.
     
    #19     Oct 30, 2008
  10. u win, obviously... your argument is so powerful i simply can't connect your dots...
     
    #20     Oct 30, 2008